FuelCell Energy Announces New Five-Megawatt Project with Campbell Soup Company
March 01 2018 - 7:30AM
FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in
delivering clean, innovative and affordable fuel cell solutions for
the supply, recovery and storage of energy, today announced the
execution of a 20-year power purchase agreement with a subsidiary
of existing customer Campbell Soup Company, to install two
SureSource 3000™ fuel cells that will generate 5MW of power at its
Bakersfield, California manufacturing site, home of Bolthouse Farms
brand beverages, carrots and dressings. FuelCell Energy will
provide a comprehensive turn-key project solution that includes
engineering, procurement, construction, and maintenance services
under a 20-year power purchase agreement. The combined heat
and power (CHP) fuel cell system will provide reliable and low
carbon electricity and steam that will lead to a reduction in
energy costs while enhancing power reliability from on-site power
generation. Generating both power and thermal energy from the same
unit of natural gas fuel reduces heating costs and the associated
pollutants and carbon emissions from more traditional
combustion-based boiler systems.
“This highly efficient fuel cell plant will reduce our energy
use as we continue to drive down greenhouse gas emissions in
keeping with our corporate sustainability goals,” said Bing Cheng,
Manager of Utilities Engineering Campbell Soup Company. “Greater
efficiency reduces resource consumption, improves product yields,
and leads to greater sustainability for us and our customers.”
“This power purchase model, with no upfront capital expense on
the part of Campbell, delivers immediate value by providing
operating savings, emissions reductions and security of on-site
power,” said Chip Bottone, President and Chief Executive Officer,
FuelCell Energy, Inc. “We are pleased to expand our
long-standing relationship with Campbell Soup Company to this
exciting project at Bolthouse Farms”.
FuelCell Energy power plants directly convert natural gas
into electricity, heat and water through a highly-efficient
electrochemical reaction, rather than with combustion. Emissions of
air pollutants are virtually zero, allowing the fuel cell plant to
avoid the lengthy and expensive air permitting process, which is
especially meaningful in a city that the American Lung Association
has ranked as having among the highest ambient concentrations of
ozone and particulate air pollution in the United States.
Additionally, compared to grid purchase of electricity and
combustion of natural gas in steam boilers, the installation of
these two SureSource™ power plants will provide an 11% reduction of
greenhouse gas emissions annually, promoting public health for
neighboring communities and supporting environmental
stewardship.
Supporting the incremental addition of plants to meet growing
power needs, SureSource™ power plants are scalable and
easy-to-site. For nearly a decade, Campbell has worked with
FuelCell Energy to increase the onsite energy portfolio at its
bakery in Bloomfield, CT. The site, home to the Pepperidge
Farm brand, added a second FuelCell Energy fuel cell power plant in
2015, adjacent to its existing FuelCell Energy fuel cell power
plant that began operating in 2008. The addition of a second fuel
cell power plant to complement the original generated savings for
the bakery through reduced cost of power and a further decrease in
carbon emissions. The bakery has been a customer of FuelCell Energy
since 2005. Electricity from two fuel cells producing 2.6MW of
clean, reliable and cost-effective power operate in parallel with a
1,183kW solar PV array, together delivering firm base-load power
and renewable peak power in support of all bakery operations.
Upon the completion of this project, Campbell Soup Company will
generate a total of 7.6MW of clean, reliable and cost-effective
power by fuel cell power plants from FuelCell Energy, Inc. at
Bloomfield, CT and Bakersfield, CA.
About Campbell Soup CompanyCampbell (NYSE:CPB)
is driven and inspired by our Purpose, “Real food that matters for
life’s moments.” We make a range of high-quality soups and simple
meals, beverages, snacks and packaged fresh foods. For generations,
people have trusted Campbell to provide authentic, flavorful and
readily available foods and beverages that connect them to each
other, to warm memories and to what’s important today. Led by our
iconic Campbell’s brand, our portfolio includes Pepperidge Farm,
Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal
Dansk, Kjeldsens, Garden Fresh Gourmet and Pacific Foods. Founded
in 1869, Campbell has a heritage of giving back and acting as a
good steward of the planet’s natural resources. The company is a
member of the Standard & Poor’s 500 and the Dow Jones
Sustainability Indexes. For more information, visit
www.campbellsoupcompany.com or follow company news on Twitter via
@CampbellSoupCo. To learn more about how we make our food and the
choices behind the ingredients we use, visit
www.whatsinmyfood.com.
About FuelCell EnergyFuelCell Energy, Inc.
(NASDAQ: FCEL) delivers efficient, affordable and clean solutions
for the supply, recovery and storage of energy. We design,
manufacture, undertake project development of, install, operate and
maintain megawatt-scale fuel cell systems, serving utilities and
industrial and large municipal power users with solutions that
include both utility-scale and on-site power generation, carbon
capture, local hydrogen production for transportation and industry,
and long duration energy storage. With SureSource™
installations on three continents and millions of megawatt hours of
ultra-clean power produced, FuelCell Energy is a global leader with
environmentally responsible power solutions. Visit us online
at www.fuelcellenergy.com and follow us on Twitter.
SureSource, SureSource 1500, SureSource 3000, SureSource 4000,
SureSource Recovery, SureSource Capture, SureSource Hydrogen,
SureSource Storage, SureSource Service, SureSource Capital,
FuelCell Energy, and FuelCell Energy logo are all trademarks of
FuelCell Energy, Inc.
Contact: |
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FuelCell
Energy, Inc.ir@fce.com 203.205.2491 Source: FuelCell
Energy |
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